MARKETS / NASDAQ / MATW

NASDAQ · NONFERROUS FOUNDRIES (CASTINGS) · LARGE CAP

Matthews International Corp. MATW

18 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$1.5B

▼ 16.6% YoY

Net income

$-24.5M

Free cash flow

$-59.4M

▼ 274.3% YoY

In brief

What this company does

Matthews is a global provider of memorialization products, industrial technologies and brand solutions. As of October 31, 2025, the company and its majority-owned subsidiaries employed over 5,500 people globally in more than 145 locations and 18 countries. It manages its business under three reporting segments: Memorialization, Industrial Technologies, and Brand Solutions. The Industrial Technologies segment designs, manufactures, services and sells custom energy storage solutions; product identification and warehouse automation technologies, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. Matthews was founded in 1850 and incorporated in Pennsylvania in 1902.

Written from the business description in MATTHEWS INTERNATIONAL CORP's annual report to the U.S. Securities and Exchange Commission, filed 21 November 2025. Every sentence was checked against that document before publication.

Growth

USD 1.5B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.5 · Net income -0.0

Compound annual growth

Revenue

−5.3%

−0.0%

+0.5%

+4.1%

Dividend / share

+4.4%

+6.4%

+8.6%

Returned to shareholders

−13.5%

+7.8%

+4.7%

+0.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −0.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating 5.0% · Net -1.6%

ROE

FY2025 · ROE -5.3%

Gross margin33.9%

Operating margin5.0%

Net margin-1.6%

Return on assets-1.4%

EBITDAUSD 147.2M

Each USD of equity lost 5 cents this year.

Cash & shareholders

USD 45.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -59.4

Net buybacks $M Dividends $M

FY2025 · Dividends 32.8 · Net buybacks 12.2

Dividends paidUSD 32.8M

Net buybacksUSD 12.2M

Share of profit-183.8%

Consecutive raises4 years

USD 32.8M in dividends and USD 12.2M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.7B

EquityUSD 480.9M

CashUSD 32.4M

Gross debtUSD 710.8M

Net debtUSD 678.4M

Current ratio1.48×

Net debt stands at 141% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.5	1.8	1.9	1.8	1.7	1.5	1.5	1.6	1.5	1.5	1.4	1.1	1.0	0.9	0.9	0.8	0.8	0.8
Operating income $B	0.1	−0.0	0.1	−0.0	0.0	−0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
EBITDA $B	0.1	0.1	0.2	0.1	0.2	0.1	0.1	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.2
Income tax $B	0.0	−0.0	0.0	−0.0	0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	−0.0	−0.1	0.0	−0.1	0.0	−0.1	−0.0	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	−0.1	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1
EPS, diluted $	−0.79	−1.93	1.26	−3.18	0.09	−2.79	−1.21	3.37	2.28	2.03	1.91	1.49	1.95	1.95	2.46	2.31	1.90	2.55
Dividend / sh $	1.00	0.96	0.92	0.88	0.86	·	·	·	·	·	0.54	0.46	0.41	0.37	0.33	0.29	0.27	0.24
Payout %	−134	−53	72	−28	952	−30	−67	23	29	29	28	31	21	19	13	13	14	9
ROE %	−5.3	−12.4	7.8	−17.8	0.5	−13.1	−4.8	13.0	9.9	9.3	8.4	6.5	10.6	11.7	15.6	15.4	13.3	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 87 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNonferrous Foundries (Castings)

Listed onNASDAQ

Incorporated inPennsylvania

Fiscal year endsSeptember 30

Data on record since2008